Wednesday, March 16, 2011

Update and watch list for tomorrow...

As I said in last night's post, I planned to do no trading and I did not. However, both watches from last night did trigger. $GPOR triggered right on the open as I tweeted moments before it took off. This was good for as much as $2.00 per share right off the open. Pushed straight up. Very easy trade. I recommended scaling out of this numerous times on twitter on account of the weakness in the markets and the tendency of this stock to have sharp pull backs after up thrusts. $ESCI also triggered but failed to follow through on account of the weakness in the overall market. Despite the sharp sell of today in the indexes, this stock held above the trigger level for most of the day and never went below until in the afternoon. Should not have taken worst than a flat on this trade!


Good luck and good trading! 

** $CPWM reports earnings after the market close tomorrow. Better to wait until after the announcement to buy the breakout or may be play with options.

No comments:

Post a Comment